Reuters  Dec 11  Comment 
Contract research organization Pharmaceutical Product Development LLC (PPD) is exploring a sale or initial public offering that could value it at between $7 billion and $8 billion,...
Insurance Journal  Nov 13  Comment 
The Arkansas Workers’ Compensation Commission has determined that the maximum weekly workers’ comp rates for 2016 for covered accidents will be $646 for total disability (TD) and $485 for permanent partial disability (PPD). For injury or death...
GenEng News  Dec 24  Comment 
Pharmaceutical Product Development (PPD) and Shin Nippon Biomedical Laboratories (SNBL) announced the formation of a joint venture in Japan to provide a range of clinical development services in that country, including Phase I–IV clinical trial...
NPR  Apr 25  Comment 
Problems at a Canadian factory have caused a shortage of tuberculosis tests in the U.S. Some hospitals and health departments around the country are deferring routing TB testing as a result.
NPR  Mar 25  Comment 
Henna tattoos have become a popular beach souvenir and tween fashion accessory. But some are made not with the henna plant, but with a chemical that can cause a painful allergic reaction, the Food and Drug Administration warns.
Forbes  Feb 14  Comment 
On Tuesday, February 12, 2013, President Obama issued Presidential Policy Directive 21: Critical Infrastructure Security and Resilience. PPD 21 represents my worst nightmare: the misguided mantra of management consultants writ large. How large?...
Benzinga  Jan 26  Comment 
Pharmaceutical Product Development, Inc. and VirtualScopics, Inc. (Nasdaq: VSCP) today announced they have expanded their successful one-year strategic alliance in clinical and medical imaging services across multiple therapeutic areas to now...
StreetInsider.com  Nov 2  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/PPD+%28PPDI%29+Reports+Expiration+of+30-Day+%27Go-Shop%27+Period/6904777.html for the full story.
BusinessWeek  Oct 26  Comment 
InVentiv Health Inc., a health-care services company owned by Thomas H. Lee Partners LP, decided against making a counterbid for Pharmaceutical Product Development Inc. after it couldn’t get access to some confidential data, said people familiar...
Stock Blog Hub  Oct 11  Comment 
Pharmaceutical drug research company Pharmaceutical Product Development, Inc. (PPDI) recently announced that it has entered into an agreement to be acquired by privately held The Carlyle Group and Hellman & Friedman for $3.9 billion in...


Prepaid Legal Services sells memberships that allow members to access legal services through a network of independent law firms under contract with the company. Provider law firms are paid a monthly fixed fee on a capitated basis to render services to plan members residing within the state or province in which the provider law firm attorneys are licensed to practice. Because the fixed fee payments do not vary based on the type and amount of benefits utilized by the member, this capitated arrangement helps the company manage claims risk. At December 31, 2006, Memberships subject to the capitated provider law firm arrangement comprised approximately 99% of active Memberships. The remaining Memberships, approximately 1%, were primarily sold prior to 1987 and allow members to locate their own lawyer (open panel plan) with the member’s lawyer being reimbursed for services rendered based on usual, reasonable and customary fees.

Memberships through a multi-level marketing program that encourages individuals to sell Memberships and allows individuals to recruit and develop their own sales organizations. Commissions are paid only when a Membership is sold[1].

Principal competitors include Hyatt Legal Plans (a MetLife company), ARAG® North America, National Legal Plan and Legal Services Plan of America (a GE Financial company, formerly the Signature Group). Most of these concentrate their marketing to larger employer groups and offer open panel plans.


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